With prices soaring, labor shortages, the raging war in Ukraine, tight supply chains and interest rates now set to rise, fears of an impending recession are everywhere. Except, of course, at the White House – which is in total denial. Just like it was about inflation. “The ‘inflation shock’ is getting worse, the ‘rate shock’ … Read more
Last Wednesday, Amazon announced that for the first time in company history, it would charge sellers a “5% fuel and inflation surcharge.” According to CNN Business, the new fees are imposed because “inflation has worsened significantly in recent months.” In a company-wide memo, Amazon said: “In 2022, we expected to be back to normal with … Read more
Photo: Getty Images (Getty Images) In France, where they care about things like “inequality,” there is about to have a presidential election. The holder, Emmanuel Macron, faces Marine Le Pen, ghost of the past far right. They disagree on a lot of things but apparently both agree that Stellantis CEO Carlos Tavares is overpaid. Tavares … Read more
Prince Harry and Meghan Markle were pictured beaming next to the US delegation to the Invictus Games on Friday, with the couple posing alongside Joe Biden envoy Pete Buttigieg. The Transport Secretary and her husband Chasten attended a reception honoring the athletes ahead of the opening ceremony in The Hague. Buttigieg, like Harry, served in … Read more